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BlackPearl Resources Inc.

01:31 PM EST - BlackPearl Resources Inc. : announced that it has closed its previously announced private placement of 3,773,585 common shares of BlackPearl at a price of $2.65 per share for aggregate gross proceeds of $10,000,000. With the closing of the private placement of common shares, together with the previously announced closing of the public offering of common shares and the exercise of the over-allotment option, the Company has issued an aggregate of 33,373,585 common shares for gross proceeds of $88,440,000. BlackPearl Resources Inc.
shares T.PXX are trading up $0.10 at $3.05.